Credit Suisse plans issue of 0% Bares due 2010 linked to Russell 2000

By Jennifer Chiou

New York, April 23 - Credit Suisse, Nassau Branch plans to sell 0% Buffered Accelerated Return Equity Securities due June 29, 2010 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is at least 90% of the initial level, the payout at maturity will be par plus a fixed payment of 23% to 27%.

Investors will lose 1% for every 1% decline beyond 10%.

The notes will price on May 22 and settle on June 1.

Credit Suisse Securities (USA) LLC will be the underwriter.

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